S. KOREA BUYS AMSC WIND SYSTEMS

American Superconductor Gets $10 Million Wind Turbine Electrical Order
Tate Dwinnell, January 5, 2011 (Green Stocks Central via Reuters)

"American Superconductor (AMSC) has announced that it received an order of more than $10 million for wind turbine electrical control systems from South Korea's Doosan Heavy Industries for use in Doosan's 3MW wind turbines. Shipping of the components will begin in about six months and continue for a year."

[Greg Yurek, founder/chief executive officer, AMSC:] "Doosan has decades of experience in the power and offshore arenas…With the offshore wind market in Asia now entering a phase of rapid growth, we expect multi-megawatt wind energy systems such as Doosan's WinDS3000 will be in increasingly high demand."

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"Experts predict the offshore wind energy market will grow exponentially over the next 15 years from a current installed base of just 2GW to over 100GW. Much of the growth is expected in Asia and South Korea could be a major player.

"Shares of AMSC were up initially…[before] closing in the red. They remain technically bearish but getting quite oversold in the short term. It's probably too soon to get in as shares are vulnerable to further downside, but AMSC is a top green stock…"